Why is Tejas Networks falling/rising?

As of 06-Aug, Tejas Networks Ltd is experiencing a decline in its stock price, currently at Rs 570.10, which represents a decrease of Rs 7.8 or 1.35%. The stock has been underperforming, with a consecutive fall over the last two days resulting in a total drop of 1.89%. It is also trading close to its 52-week low, just 0.61% away from Rs 566.6. In terms of returns, the stock has seen a significant decline of 50.12% over the past year, while its performance over the last month shows a drop of 19.19%. Despite some positive aspects, such as a healthy long-term growth rate in net sales and operating profit, the recent negative results, including a drastic fall in net sales and a significant loss in profit after tax, have contributed to the stock's downward movement.
In the broader market context, Tejas Networks' short-term performance has been worse than the benchmark, with a 1-week return of -3.11% compared to the Sensex's -1.15%. The IT-Hardware sector has also faced challenges, declining by 4.23%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 25.09% against the 5-day average. Institutional investors have reduced their stake in the company, indicating a lack of confidence in its future performance. Overall, the combination of poor recent financial results, declining investor interest, and underperformance relative to the market has led to the stock's current downward trend.